Dollar Tree – Dollar Tree, Inc. (NASDAQ:DLTR) Expected to Post Quarterly Sales of $6.44 Billion
Brokerages expect Dollar Tree, Inc. (NASDAQ:DLTR) to post $6.44 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Dollar Tree’s earnings. The highest sales estimate is $6.46 billion and the lowest is $6.42 billion. Dollar Tree reported sales of $6.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next earnings results on Thursday, August 26th.
On average, analysts expect that Dollar Tree will report full year sales of $26.38 billion for the current year, with estimates ranging from $26.08 billion to $26.54 billion. For the next year, analysts expect that the firm will report sales of $27.54 billion, with estimates ranging from $27.23 billion to $27.92 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Dollar Tree.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, May 26th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.20. Dollar Tree had a return on equity of 20.64% and a net margin of 5.71%. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the company earned $1.04 earnings per share. Dollar Tree’s quarterly revenue was up 3.0% compared to the same quarter last year.
DLTR has been the topic of a number of research reports. Piper Sandler downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $117.00 to $102.00 in a report on Thursday, June 24th. Citigroup decreased their target price on shares of Dollar Tree from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 28th. BMO Capital Markets cut their price target on shares of Dollar Tree from $115.00 to $108.00 and set a “market perform” rating on the stock in a report on Friday, May 28th. decreased their price objective on shares of Dollar Tree from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday, May 28th. Finally, TheStreet downgraded shares of Dollar Tree from a “b” rating to a “c+” rating in a research report on Wednesday, June 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $118.40.
DLTR opened at $98.95 on Tuesday. The stock has a market cap of $22.95 billion, a P/E ratio of 15.91, a PEG ratio of 1.61 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.36 and a quick ratio of 0.44. Dollar Tree has a fifty-two week low of $84.41 and a fifty-two week high of $120.37. The business’s 50-day moving average price is $103.62.
In related news, insider Richard L. Mcneely sold 7,635 shares of the stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $101.16, for a total value of $772,356.60. Following the completion of the sale, the insider now owns 497 shares in the company, valued at $50,276.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory M. Bridgeford bought 5,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 1st. The shares were purchased at an average cost of $99.02 per share, for a total transaction of $505,002.00. Following the completion of the transaction, the director now owns 899 shares of the company’s stock, valued at $89,018.98. The disclosure for this purchase can be found here. Insiders have sold 37,153 shares of company stock worth $4,156,620 in the last ninety days. 1.20% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in DLTR. Capital International Investors acquired a new position in shares of Dollar Tree in the 1st quarter valued at $301,779,000. Norges Bank bought a new position in Dollar Tree during the fourth quarter worth about $252,364,000. BlackRock Inc. boosted its holdings in Dollar Tree by 12.0% during the first quarter. BlackRock Inc. now owns 21,458,443 shares of the company’s stock valued at $2,456,133,000 after purchasing an additional 2,293,197 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Dollar Tree by 25,748.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,190,109 shares of the company’s stock valued at $236,619,000 after purchasing an additional 2,181,636 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Dollar Tree by 53,992.3% in the 1st quarter. Bessemer Group Inc. now owns 818,957 shares of the company’s stock worth $93,739,000 after buying an additional 817,443 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine’s Day merchandise.
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